Wilpon Foundation Inc

Nonprofit profile at a glance

EIN
112626618
IRS 990-PF coverage
2011–2024
Forms available
Form 990-PF 2024
Location
Great Neck, NY, USA
Phone
5165042145
Rating
79
Verdict
SUPPORTED
Rating confidence
Standard

Reported finances

Revenue
$2,477,909
Expenses
$2,512,355

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Wilpon Foundation Inc is a nonprofit. Location: Great Neck, NY. EIN 112626618. Tax year 2024 Form 990-PF reports $2.5M revenue and $2.5M expenses.

What it reported funding in 2024

The foundation reported 13 grants totaling $1,165,000. The stated grant purposes included for execution of an educational support program on behalf of first-generation, low-income college students, to create opportunities for students to connect with judaism and each other indentifying plus supporting sudent leaders embracing an entrepreneuial mindset cultivating the arts and exploring jewish culture, and to forster education, plus 1 other reported purpose.

Operating model

Revenue model
Donor-supported. 100% of the foundation's positive operating resources came from contributions.
Distribution model
Hybrid. The foundation combined direct charitable work with grants to other organizations or people.

The verdict

SUPPORTED - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 46
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 1

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 98th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 46.4%; rating input score 46; 21st percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 0.14; rating input score 1; 1st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 1th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 7 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 18 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Cost Efficiency: Grant expense ratio scored 46/100.
  • High — Endowment Health: Endowment-health comparison scored 1/100.
  • Review — Compliance: Part VII-B activity disclosures: Compensation paid to a disqualified person not reported.